Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

MISC makes oil rig pledge

MISC makes oil rig pledge

Kuala Lumpur: Following the successful delivery of its first oil rig, Malaysia International Shipping Corporation is now looking to invest in a further raft of rigs by 2012. MISC ceo Shamsul Azhar Abbas told Reuters, "The target is for offshore to contribute 6 to 7% of total revenue of MISC group over the next five years."

 

According to Reuters, MISC's oil-rig construction yard in southern Johor state currently contributes to approximately  2 % of its total revenue. The company's main earnings are from shipping LNG, crude oil and containers.  [03/04/07]

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish